Vantex Resources Ltd.
TSX VENTURE : VTX

Vantex Resources Ltd.

July 09, 2009 15:30 ET

Vantex Completes a $56,700 Financing

LA PRAIRIE, QUEBEC--(Marketwire - July 9, 2009) - Vantex Resources Ltd ("Vantex" or the "Company")(TSX VENTURE:VTX) announces that the Company has completed a non-brokered private placement for an amount of $56,700. Vantex will issue 24 Units of the A Unit and 30 Units of the B Units, at a price of $1,050 per Unit.

Each A unit consists of 12,000 flow-through common shares of the Company and 3,000 common shares of the Company at a price of $0.07 per share as well as 7,500 common share purchase warrants. Each warrant entitles its holder to purchase one common share of the Company at the purchase price of $0.10 per common share at any time 12 months after the closing date.

Each B unit consists of 17,500 common shares of the Company at a price of $0.06 per share and 17,500 common share purchase warrants. Each warrant entitles its holder to purchase one common share of the Company at the purchase price of $0.08 per common share at any time 12 months after the closing date.

The Units sold under the Offering are subject to a four-month hold period, and to the approval of the TSX Venture exchange.

Vantex has paid cash commissions of $1,365 to Gaetan Rodrigue and $2,152.50 to Jean-David Moore in relation to this financing.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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